Beaufort Securities Initiates Coverage on Petra Diamonds Limited (PDL)
Beaufort Securities assumed coverage on shares of Petra Diamonds Limited (LON:PDL) in a research note issued on Tuesday, American Banking and Market News reports. The firm set a “hold” rating on the stock.
Shares of Petra Diamonds Limited (LON:PDL) traded up 0.51% on Tuesday, hitting GBX 118.10. The stock had a trading volume of 148,130 shares. Petra Diamonds Limited has a one year low of GBX 97.56 and a one year high of GBX 135.00. The stock has a 50-day moving average of GBX 124. and a 200-day moving average of GBX 117.5. The company’s market cap is £601.6 million.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Monday. They now have a GBX 157 ($2.52) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Friday, September 27th. They now have a GBX 160 ($2.57) price target on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 165.22 ($2.65).
Petra Diamonds Limited (LON:PDL) is an independent diamond mining company and a supplier of rough diamonds to the international market.
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